try to look more before you decide one of them as follows:
Forest Hills One large Bedroom Coop For sales asking price only $219,000
380 sq ft living room, spacious bedroom,
Total about 820 sq ft, ,
All rooms have window
Two large wall-to-wall closets,
Very bright, updated kitchen,
Very low maintenance $499, (electricity excluded)
wall-to-wall new carpet,
close to F.E.G.R. located at forest hills
A must see

stanford
stanford10@yahoo.com

New York City will hold strong as long as population growth continues to surpass other cities. Its an Island, Land is limited. Thats why if you really look at the number and not the media hype, prices have not come down. And the sector that has dropped is the most is the jumbo 2 family. Coops and Condos are still strong.
I can not predict the future, no one can. The the biggest factor in the Queens coop market is the Manhattan Market. If that drops like some are predicting , it will have a ripple effect. But the inventory in Manhattan has not risen and Europeans and a weak dollar are helping.
But it is a buyers market. you can find the place of your dreams TODAY. I wouldnt wait. find that dream home and sit on it for atleast 5 years.

Don't waste your time asking Realtors about price trends or if it is a good time to buy. It was Realtors who were spouting off two years ago that "it was a great time to buy" and "prices never go down." We all know how foolish that advice was. According to Realtors, every day during the past 100 years was a great time to buy OR sell real estate -- and remarkably the same will hold true for the next 100 years.

Realtors may be knowledgeable on current and past prices for their area, but they are NOT experts on future price trends. Realtors are NOT economists and very few have any business or economic training to speak of. They are SALESPEOPLE. The reality is that they only get a commission if you buy, so they have an incentive to be less then accurate as to their assessments. The few competent Realtors with integrity would admit that prices are going down and most buyers could save money by simply waiting for the bubble to further deflate.

If you can afford a home with a large down payment and conventional financing and don't care about prices dropping further, consider the purchase. But DON’T purchase with the expectation of future price gains. This was a huge bubble that needs to finish deflating. If history is any guide, prices will not rebound quickly when the bottom is finally reached.

Best of Luck,
NewportFiji

coops and condo's are not going down like houses. they are more affordable. especially Coops. I see Coops as great investment because theyre rules are changing to compete with condos.

Pretty much anytime is a good time to buy if you're renting. True, prices could drop some, but increase in interest rates will increase your costs a lot more thans decrease in costs will save you. Our entire system is designed for home ownership. 5 or 10 years down the line you should have some serious equity.

Hold off! The people that are trying to tell you to buy all have a vested interest in you buying a home. Prices are just starting to decline in the NYC in general; there are a wave of Wall Street layoffs coming, and a ton (for Manhattan) of inventory coming on the market 2010 – 2011. Specifically in Forest Hills drive around the area between 108th street and the Grand Central, there has been an alarming number of tear downs by speculators, those guys are one truck payment from being in foreclosure! I wouldn’t expect the Gardens area to drop too much, but there are some Wall Street folks in there that will be in trouble.

Forest Hills is not an area to get to much affected and prices have come down. NYC is a stable market side by side with the counrty we are in a market of our own. Its okay to be nervous but dont let the fear stop you. you can always make offers. You never know how nervous someone might be to sell...

The prices have had a substantial drops their will not be a major drop if it drops it might drop a little more

Christina,
Make sure you are pre-approved financially prior to falling in love with a place. Lending guidelines are changing daily despite the low published interest rates. Pre-approval is free and important. Feel free to contact me anytime:

E-jturnquist@guardhill.com
C-845-544-3001

I would recommend you talk to one of the Prudential Douglas Elliman offices in Queens. They're the best in that market and will be able to successfully guide you through the search and negotiations. Call Susanne Gutermuth at 917.225.5196 (cell)--and tell her Gerry Vazquez. referred you. Good luck!

I agree with my collegue. Please email me what your requirements are and I can help you find the perfect home. My office is just a 1 mile from Foerst Hills.

Henry

The prices have all but bottomed out and mortgage rates are at an alltime low. Now is the best time!